What is an IUL and How does it work?
An Index Universal Life (IUL) insurance policy is a flexible permanent life insurance plan that combines a death benefit with a cash value component. The cash value grows based on a stock market index, like the S&P 500, but without directly investing in the market. The growth is usually subject to a cap (maximum return) and a floor (minimum return), which protects against market losses. Premiums are flexible, and you can adjust them or take out loans against the cash value. IULs offer the potential for higher returns compared to whole life policies, but with some level of risk and complexity.
IUL's
Best time to buy
Price
AGE - 20-65 , This a very versatile product and can be used for different purpose other than its main intended use which is Life Insurance.
Please Note: This can change due to age. Get this younger in your 20's its less get this over 70 and it can go up a little more.
Death Benefit
Death benefits Typical go to 1Million, you can get larger benefits per carrier approval.